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May 4, 2014
05/14
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. >> germany is the key. >> germany is one key. we have chancellor merkel meeting with barack obama. that is the number one topic on their agenda, along with nsa and tapping her phone. >> what did you say last year -- [laughter] >> he may know what she is thinking. >> let's talk about the effect on american economies. -- companies. is there any consideration to say, get out of russia? >> they are the ones doing the outreach. i asked if companies are lobbying for less sanctions. the administration responded, we are going to them and asking them to cut their russian exposure. citibank cut their russian exposure nine percent. the white house has been lobbying and getting success with major american companies and ceo's were supposed to go to an economic conference sponsored by putin. some are pulling out entirely or reducing their delegations. >> if he keeps escalating, is there any chance that america would take military action or at least aid the ukrainians with lethal arms? >> two separate questions. on taking military action oursel
. >> germany is the key. >> germany is one key. we have chancellor merkel meeting with barack obama. that is the number one topic on their agenda, along with nsa and tapping her phone. >> what did you say last year -- [laughter] >> he may know what she is thinking. >> let's talk about the effect on american economies. -- companies. is there any consideration to say, get out of russia? >> they are the ones doing the outreach. i asked if companies are lobbying...
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May 1, 2014
05/14
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it is owned by deutsche telekom in germany. it is a separate company in the states. when at&t try to buy it. wall street thought it would go through. it was price in. and the regulator said no. softbank need to get regulatory approval. the need to make the case this will not harm consumers. it will give consumers more options. >> so hans, who might run the company? >> john leger. the leading candidate. he is the current ceo and president of t-mobile usa. he is the leading candidate. deutsche telekom and softbank are talking about potential names. this is not a done deal. john leger a colorful figure. we have colors of him -- p ictures of him crashing and at&t consumer electronic show. if he's head of this new company, maybe he can get into mclemore parties by by himself. >> you see him with the pink t-shirt. hans nichols with the very latest possible merger. still with us for more of his views on the markets, the global seed investment officer -- global investment officer. before the break, we were talking about what you like in the markets. you are quite keen on ris
it is owned by deutsche telekom in germany. it is a separate company in the states. when at&t try to buy it. wall street thought it would go through. it was price in. and the regulator said no. softbank need to get regulatory approval. the need to make the case this will not harm consumers. it will give consumers more options. >> so hans, who might run the company? >> john leger. the leading candidate. he is the current ceo and president of t-mobile usa. he is the leading...
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May 1, 2014
05/14
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t mobile is 67% owned by germany's deutsche telekom. that's why it is so confusing. >> is the government involved? >> absolutely, you have to get this passed the fcc and the department of justice. is the fourth-largest carrier in the u.s. only block the at&t deal with everyone thought would go through. >> $23 billion is the valuation? julian emmanuelle is with us from ubs. the fed has expressed confidence that we can grow going forward given the fact that we are continuing to taper. now we are seeing corporate executives express the same confidence in m&a. a month ago, we predicted it could grow by 17% this year. now, the numbers look like it's closer to 40%. >> will we see nominal gdp? you guys say the word confidence too much. that's what this is about. >> we were just talking about capex. m&a is just buying someone else's capital stock. you will get rewarded for that in the future. i bring it back to getting off the zero rate environment. i think zero rate of the most corrosive thing that anyone has ever seen and if you want proof lo
t mobile is 67% owned by germany's deutsche telekom. that's why it is so confusing. >> is the government involved? >> absolutely, you have to get this passed the fcc and the department of justice. is the fourth-largest carrier in the u.s. only block the at&t deal with everyone thought would go through. >> $23 billion is the valuation? julian emmanuelle is with us from ubs. the fed has expressed confidence that we can grow going forward given the fact that we are continuing...
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Apr 30, 2014
04/14
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why can't we be more like germany? dividedse we have a government in washington that is completely gridlocked on the subject of economic policy. so we get absolutely nothing out of washington leading the fed to carry the bomb. impetus on one particular level of policy and it's already so pushed to the extreme, potentially bad things are going to happen down the road. he will have unintended consequences. maybe another financial crisis you're notnt. helping the long-term unemployed. >> you worked for years at bear economics. now rdq do you still have the worry of future inflation? inflation could be a problem in the future? >> i do. right now, the liquidity the fed idle on banks balance sheet. we start to reconnect the banks willingness to lend with the amount of reserve they have available, the money supply could literally explode and the fed could do little about it. we saw that in the 1970's. we have sort of forgotten about the potential for that to happen. i think that risk is there. >> we're thrilled to have you he
why can't we be more like germany? dividedse we have a government in washington that is completely gridlocked on the subject of economic policy. so we get absolutely nothing out of washington leading the fed to carry the bomb. impetus on one particular level of policy and it's already so pushed to the extreme, potentially bad things are going to happen down the road. he will have unintended consequences. maybe another financial crisis you're notnt. helping the long-term unemployed. >> you...
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May 1, 2014
05/14
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referring to the experience of germany. strictly't follow very . we are in a recovery stage and italy has got a public debt a bit higher than what germany had. i still think that the structural reforms they need do not require big deficits. they require implementation. i still prefer to see more work on structural reforms rather than saying -- >> it might be easier. that was the point i was making. >> it you look at the structural reforms, it boils down to the problem italy has had before. politics, it is mustering the support to push these reforms and have the dozens of political parties backing matteo renzi. is he the guy that is going to push this through? if he doesn't, does italy have a chance? >> it is more likely that renzi then berlusconi's government. willingness to implement structural reforms. renzi does have a fragmented majority behind him. however, it is also in the interest of the party. so renzi has to master the actually giving up implementing reforms. >> institutional reform or structural reform? one presumably has to go hand-in-h
referring to the experience of germany. strictly't follow very . we are in a recovery stage and italy has got a public debt a bit higher than what germany had. i still think that the structural reforms they need do not require big deficits. they require implementation. i still prefer to see more work on structural reforms rather than saying -- >> it might be easier. that was the point i was making. >> it you look at the structural reforms, it boils down to the problem italy has had...
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May 1, 2014
05/14
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it's got to negotiate with budget telecom back in germany, t-mobile.of >> u.s. regulators seem to be the hurdle. i think back to the at&t deal in 2011, everyone thought it will pass but u.s. regulators stopped it. what is he thinking? at&t buying t-mobile is different from sprint brine t-mobile. at&t is one of the big dominant ones up there with verizon. they are one and two. three and four are a distant three and four. he said, you put three and four together, we are still going to struggle to compete with one and two. also if you have the comcast situation. in a lot of ways, all of this is coming together. cable companies and dish companies and phone companies are all becoming one. he is going to argue that the landscape is different and it was just a few years ago. >> so they are trying to piggyback on the comcast-time warner cable deal, hoping regulators will see it as the whole industry shaking up. >> there was the airline deal when american airlines merge with u.s. air. you ask how it is relevant. the regulators let a deal go through that a number of folks
it's got to negotiate with budget telecom back in germany, t-mobile.of >> u.s. regulators seem to be the hurdle. i think back to the at&t deal in 2011, everyone thought it will pass but u.s. regulators stopped it. what is he thinking? at&t buying t-mobile is different from sprint brine t-mobile. at&t is one of the big dominant ones up there with verizon. they are one and two. three and four are a distant three and four. he said, you put three and four together, we are still...